I have a couple of mutual funds where I have re-invested dividends and capital gains. This year I am preparing my taxes using TaxCut and it asks if I have received 1099 Div forms from the companies. Do I include these dividends in my current taxes even though they were re-invested and I never actually received the money? The MF Tax Guide highlights a paragraph warning to not be taxed twice and also suggests adjusting your basis, but I don't quite understand exactly what I'm supposed to do with re-invested dividends and capital gains. Can somebody help?
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